Latest news with #Mirova
Associated Press
11 hours ago
- Business
- Associated Press
#BACKBLUE OCEAN FINANCE COMMITMENT SURGES BEYOND USD$3 TRILLION IN ASSETS UNDER MANAGEMENT
• #BackBlue ensures the Ocean has seat at table in finance and insurance decisions • New financial joiners to Commitment include BNP Paribas, Eurazeo, Mirova MONACO, MONACO, June 9, 2025 / / -- The #BackBlue Ocean Finance Commitment now covers a cumulative value of USD$3.45 trillion of assets under management as three new corporates endorse this call, this World Ocean Day. BNP Paribas, Eurazeo and Mirova are the latest financial institutions to join the Commitment which ensures a regenerating and sustainable ocean has a seat at the table in finance and insurance decisions. They join existing endorsers including Deutsche Bank, Standard Chartered, AXA, WTW and Palladium. The announcement comes today during the Blue Economy and Finance Forum in Monaco, a Special Event of the Third United Nations Ocean Conference which starts tomorrow in Nice, France. The #BackBlue Ocean Finance Commitment is a joint initiative of The Ocean Risk and Resilience Action Alliance and the World Economic Forum's Ocean Action Agenda and is also supported by the UN Race to Resilience, the IUCN and UNEP FI, to drive investment into coastal and ocean natural capital. The Ocean plays a vital role in combating climate change and is home to over 80 per cent of all life on Earth. It is the planet's largest carbon sink and has absorbed over 90 per cent of the heat from our carbon emissions. It feeds and provides livelihoods to billions. Those supporting #BackBlue commit to taking specific actions including: • Setting robust net zero commitments; • Driving financial system policy change that is nature positive with a particular focus on the Ocean; • Accelerating the transition towards a healthy and sustainable ocean; • Joining the Ocean Risk and Resilience Action Alliance and/or the Sustainable Finance Community at the World Economic Forum. Karen Sack, Executive Director, ORRAA, said: 'This announcement in Monaco reinforces how connected our Ocean is to decisions made from beachfront to boardroom. Welcoming BNP Paribas, Eurazeo and Mirova to #BackBlue shows a growing, diverse global group of financial institutions coming together to secure a healthy, resilient ocean for people, nature and economies alike. But, as always, there is always much more that can be done, and we encourage others to follow suit in Backing Blue.' Alfredo Giron, Head of the World Economic Forum's Ocean Action Agenda and Friends of Ocean Action, said: 'We are delighted to welcome these three new private sector actors to #BackBlue. By joining #BackBlue, these organisations are helping to drive the urgent shift toward a regenerative and sustainable blue economy, essential for a healthy Ocean.' Supporting #BackBlue will help the delivery of: • The UN Race to Resilience's goals of building the resilience of four billion people from groups and communities who are vulnerable to climate risks by 2030; • The World Economic Forum's Ocean Action Agenda to catalyse public-private partnerships to accelerate ambitious solutions for a regenerative and sustainable ocean economy, and; • ORRAA's objective of securing USD$500m of investment into coastal and ocean natural capital by 2030, to mitigate risk and build the resilience of 250 million people in communities vulnerable to climate change in the Global South. The #BackBlue brochure can be found online here. Nicholas Moore Ocean Risk and Resilience Action Alliance [email protected] Visit us on social media: LinkedIn Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Reuters
20-03-2025
- Business
- Reuters
Qualitas Energy, Mirova form JV for Italian renewables
LONDON, March 20 (Reuters) - Qualitas Energy and Mirova have signed an agreement to form a joint venture to own, develop, build and operate up to 250 megawatts (MW) of renewable energy projects in Italy, investment management firm Qualitas Energy said on Thursday. The joint venture, called Italian Renewable Platform, will be majority-owned by Mirova and Qualitas Energy will provide development, construction supervision and monitoring services. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here. The value of the deal was not disclosed. The portfolio will consist of 33 solar photovoltaic (PV) projects in Italy, including both operational projects and some still under development. The portfolio could also be expanded to include wind projects with an expected capacity of around 100 MW, the firm added. The portfolio has been developed by Qualitas Energy through its fund Qualitas Energy IV. The firm focuses on both funding and developing renewable energy and sustainable infrastructure. Mirova, part of Natixis Investment Managers, is a global asset management company dedicated to sustainable investment and has 26.4 billion pounds of assets under management.
